MicroStrategy continues its aggressive expansion in Bitcoin holdings by purchasing 21,550 tokens between December 2-8, reaching an average price of $98,783 per Bitcoin. This acquisition adds up to $2.1 billion, marking the company's fifth straight week of significant investments in the cryptocurrency.
Following this purchase, MicroStrategy's total Bitcoin holdings surpass $41 billion, overshadowing the cash reserves of notable tech company Nvidia. In an unprecedented accumulation rate, the firm has managed to secure 100,000 Bitcoins in merely two weeks.
This aggressive strategy has drawn attention from analysts who are raising alarms about the potential risks associated with such rapid accumulation. Concerns revolve around the financial burden and market implications if Bitcoin prices experience significant fluctuations.
Źródło: blockonomi.com ↗